Share issue agreement to vote with D&M

The agreement with Norfolk Holdings that they will vote with D&M is due to the fact that they had not anticipated being joint majority shareholder this early, apparently this has been driven by the club to help with refinancing the debt.

The agreement is to vote on shareholder issues in this way, they can still vote their own way on board or director issues.

The 3 years commenced from January this year when the shares were issued, so will expire in January 2026.

Posted By: Mr_Biff1961 on September 4th 2023 at 18:57:48

Message Thread

Share issue agreement to vote with D&M (NCFC) - Mr_Biff1961, Sep 4, 18:57:48
- Be nice if they provided some sort of plain English translation of the legal docs for info (NCFC) - Ruttles, Sep 4, 19:13:40
  - That’s what the pinkun video and article is for (NCFC) - SimonOTBC, Sep 4, 20:54:29
  - They cannot provide a simplified version. (NCFC) - Mr_Biff1961, Sep 4, 20:19:14
  - That’s why they say to seek independent advice (NCFC) - CWC, Sep 4, 19:15:30
    - There are always ways of getting that info out there without providing advice or guidance (NCFC) - Ruttles, Sep 4, 19:19:36
      - Why, if you don’t understand it pay for your own advice. (NCFC) - Mr_Biff1961, Sep 4, 20:21:00
        
        Because if you want someone to understand something complex and vote in favour (NCFC) - Ruttles, Sep 4, 20:41:38
        
        I (n/m) (NCFC) - Ruttles, Sep 4, 20:57:20
        
        In some circumstances it is better to pay for that independent review… (NCFC) - Ruttles, Sep 4, 21:03:13
        
        Apples & pears (NCFC) - CWC, Sep 4, 22:04:45
        
        And that last para is even more reason why the club can’t do what you suggest (NCFC) - CWC, Sep 4, 20:45:00
      - Maybe (NCFC) - CWC, Sep 4, 19:35:12
        
        Because the shareholders affected are mums and dads not corporate entities (NCFC) - Ruttles, Sep 4, 20:03:50
      - The oinkun idiots guide video is pretty good … (NCFC) - loz, Sep 4, 19:32:25
- Yea only actually 2 years 3 months remaining (n/m) (NCFC) - loz, Sep 4, 19:00:49
  - I may be completely misunderstanding it all but the document I read (NCFC) - Jim, Sep 4, 19:16:08
    - Yes, I agree with your summary (NCFC) - SimonOTBC, Sep 4, 21:08:38
    - The state of our finances is old news! (n/m) (NCFC) - JD3, Sep 4, 19:35:25
    - Hard to know until we see the next set of accounts … (NCFC) - loz, Sep 4, 19:31:38
      - Isn’t he lending to the club at 11% per annum?! (n/m) (NCFC) - SimonOTBC, Sep 4, 21:11:01
        
        That’s only if the loans aren’t capitalised (n/m) (NCFC) - loz, Sep 4, 21:43:37
        
        The others don’t have capitalisation in their terms (NCFC) - SimonOTBC, Sep 4, 21:47:33

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